‘Microsoft uses subsidiaries in tax havens to dodge billions in taxes’
Because of its complicated corporate structure, Microsoft has allegedly dodged billions in taxes in the United Kingdom, Australia, and New Zealand, whose governments generate lucrative public sector contracts.
The accusations were detailed in a research report recently published by the Centre f... Read more
GSMA and Euro-telcos want exemption from crackdown on big tech
Telco lobby groups have argued for the exclusion of their members from the proposed global tax rules that aim to stop multinational corporations (big tech) from legally but cynically avoiding tax by conducting online activities in jurisdictions with lax tax laws.
The G7 approved a method to root... Read more
Amazon found not guilty of tax evasion via Luxembourg
Amazon does not have to pay back 250 million euros in tax to the European Union. This was ruled by a judge after the company was accused of paying too little tax through a financial construction in Luxembourg.
In 2017, the European Commission ruled that Luxembourg had given an unfair tax advanta... Read more
Facebook closes Irish holding used to evade paying taxes
Facebook is closing several Irish holding companies it uses to evade paying taxes in the United States, the UK, and hundreds of other countries where it has a profitable presence. The company has a main Irish subsidiary that paid only about $101 million in taxes while showing profits of more than $... Read more
France sends out notices to big tech to start paying digital tax
France is not backing down on implementing a new digital tax, which has stirred controversy. France sent out notices to big tech companies and others covered by the tax. The companies were informed that they would have to pay taxes if they want to continue doing business in France.
The tax is st... Read more
John McAfee arrested in Spain for tax evasion and other charges
John McAfee, known for creating McAfee, the antivirus company, was arrested in Spain today and is facing extradition to the United States. He is going to be charged for fraud and tax evasion.
The SEC says McAfee was paid more than $23.1 million in cryptocurrency assets to promote ICO token sales... Read more
France wants to tax tech giants regardless of international agreement
France will tax large digital companies this year. Regardless of any progress made towards an international agreement, the French Finance Minister states.
Nearly 140 countries of the Organisation for Economic Cooperation and Development (OECD) are negotiating a significant revision of the tax r... Read more
137 countries agree to new tax rules for tech giants
Large tech companies moving to countries from which it is possible to operate more cheaply, because of favourable tax rates; it happens often. In an attempt to prevent such practices in the future, 137 countries have joined forces to tighten up tax rules for large companies including Amazon and Goo... Read more